CSX Corporation (CSX)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 4,891,000 | 5,046,000 | 5,343,000 | 5,589,000 | 5,414,000 | 5,315,000 | 5,171,000 | 5,143,000 | 4,951,000 | 4,740,000 | 4,429,000 | 3,551,000 | 3,627,000 | 3,614,000 | 3,771,000 | 4,265,000 | 4,316,000 | 4,433,000 | 4,458,000 | 4,456,000 |
| Revenue (ttm) | US$ in thousands | 13,882,000 | 14,031,000 | 14,385,000 | 14,648,000 | 14,396,000 | 14,190,000 | 13,636,000 | 13,039,000 | 12,410,000 | 11,808,000 | 11,094,000 | 9,982,000 | 10,036,000 | 10,096,000 | 10,613,000 | 11,610,000 | 11,955,000 | 12,213,000 | 12,345,000 | 12,386,000 |
| Pretax margin | 35.23% | 35.96% | 37.14% | 38.16% | 37.61% | 37.46% | 37.92% | 39.44% | 39.90% | 40.14% | 39.92% | 35.57% | 36.14% | 35.80% | 35.53% | 36.74% | 36.10% | 36.30% | 36.11% | 35.98% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $4,891,000K ÷ $13,882,000K
= 35.23%
CSX Corp.'s pretax margin has shown a declining trend over the past eight quarters, starting at 39.19% in Q1 2022 and decreasing to 33.37% in Q4 2023. This indicates that the company's profitability before taking into account taxes and interest expenses has been gradually decreasing. It is important for investors and stakeholders to closely monitor this trend to understand the factors contributing to the decline and assess the company's overall financial performance.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
CSX Corporation
CSX
35.23%
Norfolk Southern Corporation
NSC
20.29%
Union Pacific Corporation
UNP
35.50%